Nov 9 2023 9:00AM

Charitable Gift Planners of Connecticut and the National Standards for Gift Planning Success

The Charitable Gift Planners of Connecticut partnered with the National Association of Charitable Gift Planners to collect data on where Connecticut nonprofits stand with the National Standards for Gift Planning Success. At the November program, Jennifer Keyo, Director of Legacy and Leadership Giving at Westminster School, and CGP-CT board member will share the results and discuss how nonprofits can implement the standards with Grant Whitney, former National Board member and currently the Senior Director of Planned Giving at Mass General Hospital.

Nov 9 2023 10:30AM

Not Your Parent’s IRA: The Rise of Complex Assets/ Impact for Charity

Charitable IRA beneficiary designations are a growing share of planned gifts. What’s inside most of those IRAs today, may bear little resemblance to what future IRAs hold. We’re entering an era that can be characterized as not “Not Your Parent’s IRA”. Welcome to the wild and wooly world of self-directed IRAs (SDIRAs). Though “only” a several hundred-billion-dollar slice of the multi-trillion-dollar IRA market, what happens if your charity accepts an IRA full of illiquid assets, or one with an LLC, which in turn holds dozens of illiquid investments? And even if you know what’s inside, are you prepared for liquidation challenges, UBTI and UDFI (Unrelated Debt Finance Income) considerations too? What’s a planner to do? This presentation will trace the IRA from its humble 70s roots through the Secure Act 2.0; outline how the SDIRA industry has exploded as investment options have proliferated; and through a lightly fictionalized “Play in 4 Acts” highlight a cascade of considerations for charity, the IRA, and the IRA account owner too.